You have been employed for six months in the marketing department at Joe s Transports Ltd. Joe has asked for your advice on how to invest the firm s $100,000 in liquid cash since you are the most recent graduate on staff. He wants to invest in the trucking industry since that is what he understands best. He also feels the economy is improving and trucking industry profits will soar. He has provided you with the following condensed financial statements for 2010. Healthy Movers does all the moving for its clients while Al s Co-Haul business, although less expensive, expects its clients to move the small items themselves. Healthy s shares sells for $10 per share and Al s shares sells for $2.25 per share on the Toronto Stock Exchange. Healthy s websites indicate that its long-term debt is due in five years. Al s long-term debt is due in six months. Required: Recommend which company would make the better investment for Joe.
https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png 0 0 Paul https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png Paul2020-09-30 00:00:002021-07-03 03:01:59You have been employed for six months in the marketing department at Joe s Transports Ltd. Joe has..